Capital Numbers Infotech IPO to Open on January 20

Capital Numbers Infotech, a digital consulting and IT engineering services provider, is set to launch its ₹169.37 crore initial public offering (IPO) on January 20, 2025, with anchor book subscriptions opening on January 17, 2025. The company’s shares are expected to debut on the BSE SME platform on January 27, 2025.

IPO Structure and Pricing

The IPO comprises a fresh issue of 32.2 lakh shares worth ₹84.69 crore and an offer-for-sale (OFS) of 32.2 lakh shares, also aggregating to ₹84.69 crore. The price band for the issue is set at ₹250-₹263 per share, with a minimum lot size of 400 shares. Retail investors can invest a minimum of ₹1,05,200, while high-net-worth individuals (HNIs) must apply for at least two lots, totallingtotaling ₹2,10,400.

GYR Capital Advisors Private Limited is the lead manager for the issue, while Link Intime India Private Ltd serves as the registrar.

Key Financials

For the fiscal year ending March 31, 2024, the company reported a net profit of ₹26 crore, showing a 50% growth from ₹17.35 crore in the previous fiscal. Revenue grew 6% during the same period, rising from ₹92.6 crore to ₹98.2 crore. As of September 30, 2024, Capital Numbers Infotech recorded a profit of ₹13.67 crore on revenue of ₹50.2 crore.

Use of Proceeds

The proceeds from the fresh issue will be utilized for technological upgrades, business development, investments in subsidiaries, and potential acquisitions. Additionally, funds will be allocated for general corporate purposes.

Company Overview

Incorporated in 2012, the West Bengal-based company provides software development solutions, including digital engineering, data analytics, AI/ML, and mobile app development. 

The company is led by promoters Mukul Gupta, Vipul Gupta, and Herprit Gupta, who collectively hold 99.99% of the pre-issue shareholding. Post-issue, the promoter group’s shareholding will be diluted.

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